Complete and sign the declaration
Enter the company in liquidation, start/end of the period, opening balance, itemised receipts and their total, payments and their total, and closing balance in Singapore dollars. Indicate Yes/No to an expected final meeting or court dissolution application within six months. The liquidator(s) confirm the period’s information is true and correct and sign with date, telephone and email; the form provides fields for two liquidators. Submit the signed form through myTax Mail or the IRAS corporate-income-tax contact FormSG route under General Corporate Income Tax Matters.
Filing interval and 12-month basis
The notes require annual declarations for companies with receipts and once every four years for companies without receipts. Enter Nil receipt in Description when there is none. From 1 May 2021 receipts/payments no longer need splitting by calendar year: IRAS accepts the liquidator account’s 12-month period. If the first declaration is not yet assessed, the first 12 months from liquidation form the tax basis period. The document illustrates liquidation on 25 August 2020, receipts/payments to 24 August 2021, filing in 2021 and assessment in YA 2022.
Transition from previously assessed calendar periods
For an already calendar-assessed company the next declaration can use its 12-month receipts/payments period. In the source’s 2 April 2019 liquidation example, two six-month accounts ending 1 October 2019 and 1 April 2020 were filed in 2020 and split into YA 2020 for 2 April–31 December 2019 and YA 2021 for 1 January–1 April 2020. The next two six-month accounts are combined as 2 April 2020–1 April 2021 for the 2021 filing and YA 2022. The subsequent 2 April 2021–1 April 2022 annual account is filed in 2022 for YA 2023. These are source examples explaining transition, not current-year filing dates.
Property disposals need supporting details
For real property sold during the period give its address, purchase date/price, sale date/price, and buyer’s name/address. Disclose any connection to the company, directors or shareholders, and where connected explain whether terms were arm’s length with a professional valuation supporting that claim. Include reasons for acquisition and sale, calculation of the gain/loss, and why the gain is said to be non-taxable or the loss allowable. The declaration does not itself decide the tax treatment of a disposal.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗